◂ Event Timeline

Jun 30, 2020WEATHERGlobal

US and European natural gas prices rise with Gulf Coast LNG futures as demand picture improves

UK, Continental European and US Gulf Coast LNG gas prices jumped to summer-season highs. US domestic gas prices also rose on a forecast July heatwave expected to boost cooling demand.

WHY IT MATTERS

Hotter forecasts increase gas-fired power demand and global LNG pull, supporting energy input costs. The price effect on feed commodities is indirect.

AFFECTSCrude Oil (WTI)◆

SOURCE
lngjournal.comJohn McKayJun 30, 2020

Price reaction & history

Crude Oil (WTI)◆neutralSO FAR1d -1.0%5d +2.3%20d +3.2%

After 13 past neutral weather events, Crude Oil (WTI) moved a median +2.3% over 5 sessions (62% higher; middle half -0.9% to +4.7%), and +6.1% over 20.

Nov 1, 2024Natural Gas Futures Extend Drop on Delayed Winter Arrival, Golden Pass LNG Project+4.5%
Jan 26, 2026Natural gas prices hit $6 as Winter Storm Fern brings extreme cold+6.4%
Feb 15, 2021Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves+3.6%
Jun 29, 2020US natgas futures jump 10pc on warmer weather view - Markets - Business Recorder+5.3%
Jan 26, 2026When the US freezes, the global LNG market catches a cold | Reuters+6.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Crude Oil (WTI) WTI · GP ▸

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